UK: Morrisons, Ocado announce online grocery venture

UK: Morrisons, Ocado announce online grocery venture

UK grocer Morrisons this morning (17 May) confirmed that, after months of talks, it will launch an online food service through a venture with digital specialist Ocado.

US: Wal-Mart shares fall after profits miss Wall St forecasts

US: Wal-Mart shares fall after profits miss Wall St forecasts

Shares in Wal-Mart fell after the world's largest retailer posted quarterly earnings that missed Wall Street forecasts - and booked lower US sales.

US: Peltz ups Mondelez, PepsiCo stakes

US: Peltz ups Mondelez, PepsiCo stakes

Trian Fund Management, the investment vehicle of activist shareholder Nelson Peltz, has upped its stakes in snack food giants PepsiCo and Mondelez International.

On the money: Work to boost business showing, says Post

On the money: Work to boost business showing, says Post

US breakfast cereal firm Post Holdings has insisted its work to make its business more "reliable" are starting to show despite mixed first-half results.

Consuming issues - GM debate comes down to question of trust

Consuming issues - GM debate comes down to question of trust

The GM debate has re-emerged in the UK in the last couple of weeks with the news four major supermarket operators will allow their suppliers to use GM feed for poultry and eggs.

Best bits: Ella

Best bits: Ella's Kitchen is Hain's most promising UK buy

US manufacturer Hain Celestial has struck again across the pond. And its latest acquisition in the UK seems to be the one with most potential, writes Dean Best.

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just-food's research round-up: the CIVETS markets, packaged food in the US

The latest batch of reports from the just-food store includes analysis of the CIVETS markets, research on packaging for an ageing population and a look at packaged food in the US.


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UPDATE 3: UK: Morrisons chief Philips hails "low-risk" Ocado deal

17 May 2013

Morrisons chief executive Dalton Philips today (17 May) claimed the UK grocer's venture to launch into the online channel with Ocado was a "great deal" for shareholders and consumers.

ITALY: Barilla FY profits slide

17 May 2013

Italian food group Barilla saw its profits slide in fiscal 2012 as continued economic uncertainty and rising raw material prices impacted earnings.

UPDATE 2: UK: Ocado "cast-iron clear" Waitrose deal is safe

17 May 2013

Ocado CEO Tim Steiner today (17 May) insisted the UK online retailer is "cast-iron clear" its new venture with Morrisons has no bearing on its existing partnership with Waitrose.

 

In the spotlight: Wrigley wins FDA plaudits amid caffeine scrutiny

At first it appeared the villain of the piece when its Alert gum prompted an FDA review of caffeine in foods. However, the regulator subsequently praised Wrigley for showing "leadership" when it halted production. So far, no other companies have shown that level of support for the FDA's move.

Hot issue

Morrisons and Ocado announce online JV as Waitrose studies deal

Morrisons and Ocado announce online JV as Waitrose studies deal

After months of talks, Morrisons has announced plans to launch an online grocery service through a venture with specialist Ocado. Waitrose, which already has a partnership with Ocado, is studying the deal closely.

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Ocado

Comment: Pragmatic deal for Morrisons, Waitrose risk for Ocado

A deal with Ocado represents Morrisons best route into the UK online channel as it plays catch-up with rivals. For the online specialist, it looks a good deal, although it could threaten its agreement with another partner, Waitrose.

Read more here / View all comments

 

Interview: Amy's Kitchen sets out international mission

Amy's Kitchen, the US frozen-food, organic and free-from business, is a quarter of a century old this year but there is a passion - almost a sense of mission - one would normally associate with a start-up. Dean Best spoke to co-owner Amy Berliner and European commercial director Damien Threadgold.

Recent hot issues

Danone enters organic baby food sector

Danone enters organic baby food sector

The French food giant, which counts Aptamil formula and Cow & Gate baby food in its portfolio, has snapped up 90% of US firm Happy Family and added organic products to that part of its business.


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On the money: Flowers confident on cakes ahead of Hostess return

17 May 2013

US baker Flowers Foods has said it is "confident" its snack cake business will continue to thrive even as the new-look Hostess Brands returns to the market, with products including Twinkies.

Comment: Pragmatic deal for Morrisons, Waitrose risk for Ocado

17 May 2013

A deal with Ocado represents Morrisons best route into the UK online channel as it plays catch-up with rivals. For the online specialist, it looks a good deal, although it could threaten its agreement with another partner, Waitrose.

The week ahead - M&S, Dairy Crest FYs, Hormel Foods H1s

17 May 2013

UK meat processor Cranswick, dairy group Dairy Crest and Marks and Spencer, perhaps the most scrutinised name on the country's high street, are all set to announce annual results next week. In Europe, French poultry group LDC reports its FY numbers, while, in the US, Spam owner Hormel Foods will post its half-year results.

In the spotlight: Wrigley wins FDA plaudits amid caffeine scrutiny

16 May 2013

At first it appeared the villain of the piece with the launch of its Alert Energy Caffeine Gum, which prompted an FDA review of caffeine in foods. However, Wrigley was subsequently praised by the regulator for showing "leadership" when it halted production. So far, however, no other food companies have shown that level of support for the FDA's move. Ben Cooper reports.

On the money: Asda: We offer clear prices, not gimmicks

16 May 2013

Asda CEO Andy Clarke today (16 May) hit out at the "gimmicky" and "unsustainable" promotions of its rivals and said the UK grocer's "clarity" on prices was paying off.

On the money: Lifeway to use UK as launchpad for Europe expansion

16 May 2013

US dairy kefir maker Lifeway Foods has said its recent expansion into the UK positions the company to pursue additional distribution opportunities throughout Europe.

Interview: Amy's Kitchen sets out international mission

15 May 2013

Amy's Kitchen, the US frozen-food, organic and free-from business, is a quarter of a century old this year but there is a passion - almost a sense of mission - one would normally associate with a start-up. Dean Best spoke to co-owner Amy Berliner and European commercial director Damien Threadgold about the company's plans.

In the spotlight: Danone to build on baby nutrition success with organic buy

14 May 2013

Danone's deal to acquire over 90% of US organic baby food firm Happy Family is a first for the French food giant in the category and appears to strengthen its fast-growing infant-nutrition division. Michelle Russell takes a look at the deal.

On the money: Work to boost business showing, says Post

14 May 2013

US breakfast cereal firm Post Holdings has insisted its work to make its business more "reliable" are starting to show despite mixed first-half results.

 

On the money: Mondelez to "fortify and expand" emerging market position

Mondelez International has said it will reinvest some of its profits in emerging markets in a bid to "fortify and expand" its position in those countries.

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